KLPEF - RiverPark Long/Short Opportunity Fund Q4 2020 Investor Letter
- RiverPark Long/Short Opportunity seeks long-term capital appreciation while managing downside volatility by investing long in equity securities that RiverPark Advisors, LLC, the Fund's investment adviser believes have above-average growth prospects and selling short equity securities the Adviser believes are competitively disadvantaged over the long term.
- RiverPark Long/Short Opportunity Fund had another solid quarter producing a 9.2% net return. Our fourth quarter performance compares with a 7.8% gain for the Morningstar Long/Short Equity Category and a 14.50% return for the HFRI Equity Hedge Fund Index.
- For the year, the Fund gained 54.7%, as stellar contributions from the long book (+65.6%) were only partially offset by a 7.6% loss from the short portfolio.
For further details see:
RiverPark Long/Short Opportunity Fund Q4 2020 Investor Letter